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What Is the PV of an Ordinary Annuity with 10

Question 105

Multiple Choice

What is the PV of an ordinary annuity with 10 payments of $7,700 if the appropriate interest rate is 5.5%?

A) $52,816.14
B) $61,522.10
C) $51,655.35
D) $67,326.07
E) $58,039.72

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